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Thursday newspaper round-up: SVB, Royal Mail, listing rules
(Sharecast News) - People in Britain have more confidence in the EU than the UK parliament, reversing a state of affairs that has lasted for more than 30 years, research reveals. Since the UK voted for Brexit, the proportion of people declaring confidence in parliament has slumped by 10 percentage points to 22% while there has been a seven percentage point rise in confidence in the Brussels-based bloc, to 39%. Confidence in the UK government also fell from 2017 to 2021. - Guardian The Welsh government is to press ahead with plans for a visitor levy on tourists who stay in the country overnight. Legislation allowing local authorities to introduce a levy will be put to the Senedd, the Welsh parliament, within this government's term. Some tourism organisations have criticised the plan, calling it a misguided "bed tax" that risks discouraging people from visiting. - Guardian
The collapse of Silicon Valley Bank highlighted failures by executives and regulators, according to a senior official at the US Federal Reserve. "I think that any time you have a bank failure like this, bank management clearly failed, supervisors failed and our regulatory system failed," Michael Barr, vice-chairman for supervision at the Fed, told Congress yesterday. "We're looking at all of that." - The Times
The City regulator is pressing ahead with a plan to shake-up the stock market listing regime amid fears that London is losing business to overseas financial centres. The Financial Conduct Authority said yesterday that it would start a consultation on its proposal to simplify the rules by replacing the premium and standard segments of the London market with a single category. - The Times
The union representing Royal Mail's frontline staff is on the verge on announcing new strike dates, Sky News understands, should a final push to end their long-running dispute fail. A Communication Workers Union (CWU) source said talks at the conciliation service Acas were scheduled for Thursday but fresh walkouts could be called the following day should substantial progress not be achieved. - Sky News
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